Offering Document
The document prepared by, or for, the Issuer and distributed to investors to provide disclosure with respect to one or more issues of bonds.
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Official Statement (“OS”)
The Offering Document used by an Underwriter in a Public Offering.
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Learn more about the various documents involved in a municipal securities transaction.
See Also
Preliminary Official Statement (“POS”)
The type of offering document circulated prior to the determination of the interest rates and certain other terms of the bonds when it is anticipated or known the bonds will be purchased by an underwriter and resold to the public.
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Hundreds of Terms and Concepts
Yield
As computed under the Code provisions applicable to bonds, the internal rate of return that causes the present value of the payments of principal and interest (and, in certain cases, certain other payments) on an issue of bonds to equal the issue price of the bonds.